Category: Public finance

John Healey poised to raise taxes on banks in budget

Exclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public financesJohn Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted on...

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English councils warn of ‘catastrophic’ Send debts forecast to hit £10bn by 2028

Surge in EHCP applications poses risk to public finances and may lead to deteriorating levels of supportCouncils are warning of potentially “catastrophic” debts, which are forecast to reach a record £10bn over the next 18...

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IFS: budget will be ‘work of fiction’ without clear plan to cover UK’s £35bn spending pressures

Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next yearJohn Healey has been warned by Britain’s leading tax and spending experts that his budget risks being a “work of...

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IFS: budget will be ‘work of fiction’ without clear plan to cover UK spending pressures

Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next yearJohn Healey has been warned by Britain’s leading tax and spending experts that his budget risks being a “work of...

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‘If voters aren’t better off by the next election, we’re screwed’: Labour insiders voice fears over budget

Some say party risks ‘looking twee’ by focusing on small fixes amid growing nervousness that budget lacks ambitionIn the days since Labour’s annual conference, party insiders have been sharing a word cloud produced by the...

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Ministers explore how to stop regional leaders misusing planned new spending powers

Labour wants to make sure mayors and council chiefs in England can be held to account for extra revenues devolved to themMinisters are mulling over how to ensure that England’s regional leaders do not misuse their newfound...

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Healey vows to stick to fiscal rules in budget built on hope

Chancellor tells Labour conference it’s ‘not progressive’ to fail to balance books amid rising welfare bill as borrowing costs climb to record highBusiness live – latest updatesPrice of diesel on UK forecourts reaches all-time...

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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran...

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‘Financial pandemic’: £1 in every £11 spent on UK public contractors goes to private equity

Almost £24.4bn of government money went to private equity-run firms in year to April 2025, Guardian analysis shows‘Treating children like cattle’: what happens when private equity takes over a UK care home?Nurseries, vets and...

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Labour has abandoned the missions that brought it to power. Here’s how Burnham could revive them. | Mariana Mazzucato

With a new prime minister incoming, Labour faces a fundamental question about its economic visionAs Keir Starmer stands down as prime minister and attention turns toward Andy Burnham, the current moment should not be reduced to...

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Labour has abandoned the missions that brought it to power. Here’s how Burnham could revive them. | Mariana Mazzucato

With a new prime minister incoming, Labour faces a fundamental question about its economic visionAs Keir Starmer stands down as prime minister and attention turns toward Andy Burnham, the current moment should not be reduced to...

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